$4,250,000
Updated 11 years ago
Off Market

273 South 2nd Street

Williamsburg, Brooklyn | Havemeyer Street & Marcy Ave

8,500 Square FeetRental Property

$4,250,000
floors / apts5 / 10
Lot Size25'x100'
Built Size25'x80'
ZoneR6
Building TypeLow-Rise
RE Taxes$8,271
Price Per SF
$500

Building Amenities

  • Voice Intercom
  • Laundry Room

Property Description for 273 South 2nd Street

Ownership of fourteen years is offering this clean, brick, ten-family building in Williamsburg to the market for the first time. The building is entirely clear of violations and is well maintained. In addition, the mechanical systems have benefited from numerous upgrades including a three year-old gas boiler, new electric and a three year-old rubber, silver-coated roof. The unit makeup is evenly split with five renovated free market units (one has renovations underway and will be free market) providing great cash-flow and five units well under-market (four rent stabilized, one rent controlled) representing tremendous long term upside. The rear half of the basement, currently used as storage is an easy duplex opportunity as there are numerous windows. Additionally, possibilities with the outdoor space (courtyard, backyard and roof) exist.Ownership of fourteen years is offering this clean, brick, ten-family building in Williamsburg to the market for the first time. The building is entirely clear of violations and is well maintained. In addition, the mechanical systems have benefited from numerous upgrades including a three year-old gas boiler, new electric and a three year-old rubber, silver-coated roof. The unit makeup is evenly split with five renovated free market units (one has renovations underway and will be free market) providing great cash-flow and five units well under-market(four rent stabilized, one rent controlled) representing tremendous long term upside. The rear half of the basement, currently used as storage is an easy duplex opportunity as there are numerous windows. Additionally, possibilities with the outdoor space (courtyard, backyard and roof) exist.

Listing History for 273 South 2nd Street

Now
12/03/2013
POM by Mark Lively
Cushman & Wakefield
08/28/2013
$4,250,000
Initial Price by Mark Lively
Cushman & Wakefield

Building Details for 273 South 2nd Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts5/10
Learn More About the Building

Transit and Citi Bike

Subway

Marcy Av
0.23 miles
Metropolitan Av
0.29 miles
Hewes St
0.36 miles
Lorimer St
0.38 miles
Bedford Av
0.4 miles

Citi Bike

Grand St & Havemeyer St
0.1 miles
S 4 St & Rodney St
0.15 miles

Contact Agent

Contact Agent

Mark Lively
Cushman & Wakefield

Williamsburg | Brooklyn

Quick Profile

Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn. 

Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set. 

With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment. 

Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 50963TH